FMX
Fomento Económico Mexicano, S.A.B. de C.V.
Beverages - Alcoholic
Market Cap$4.14B
5Y Perf.+77.1%
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Stock Comparison
FMX vs PEP
Revenue, margins, valuation, and 5-year total return — side by side.
PEP
PepsiCo, Inc.
Beverages - Non-Alcoholic
Market Cap$213.59B
5Y Perf.+18.8%
FMX vs PEP — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | FMX | PEP |
|---|---|---|
| Industry | Beverages - Alcoholic | Beverages - Non-Alcoholic |
| Market Cap | $4.14B | $213.59B |
| Revenue (TTM) | $841.93B | $93.92B |
| Net Income (TTM) | $20.06B | $8.24B |
| Gross Margin | 40.6% | 54.1% |
| Operating Margin | 8.6% | 12.2% |
| Forward P/E | 1.4x | 18.0x |
| Total Debt | $257.98B | $49.90B |
| Cash & Equiv. | $108.52B | $9.16B |
FMX vs PEP — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
FMX
PEP
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Fomento Económico M… (FMX) | 100 | 177.1 | +77.1% |
| PepsiCo, Inc. (PEP) | 100 | 118.8 | +18.8% |
Price return only. Dividends and distributions are not included.
Quick Verdict: FMX vs PEP
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: PEP leads in 5 of 7 categories, making it the strongest pick for growth and revenue expansion and profitability and margin quality. Fomento Económico Mexicano, S.A.B. de C.V. is the stronger pick specifically for valuation and capital efficiency and dividend income and shareholder returns. As sector peers, any of these can serve as alternatives in the same allocation.
FMX
Fomento Económico Mexicano, S.A.B. de C.V.
The Defensive Pick
FMX is the clearest fit if your priority is sleep-well-at-night and defensive.
- Lower volatility, beta 0.34, Low D/E 78.2%, current ratio 1.35x
- Beta 0.34, yield 64.8%, current ratio 1.35x
- Lower P/E (1.4x vs 18.0x)
Best for: sleep-well-at-night and defensive
PEP
PepsiCo, Inc.
The Income Pick
PEP carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 25 yrs, beta 0.03, yield 3.6%
- Rev growth 2.3%, EPS growth -13.7%, 3Y rev CAGR 2.8%
- 89.2% 10Y total return vs FMX's 63.3%
Best for: income & stability and growth exposure
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | PEP | 2.3% revenue growth vs FMX's -94.8% |
| Value | FMX | Lower P/E (1.4x vs 18.0x) |
| Quality / Margins | PEP | 8.8% margin vs FMX's 2.4% |
| Stability / Safety | PEP | Beta 0.03 vs FMX's 0.34 |
| Dividends | FMX | 64.8% yield, vs PEP's 3.6% |
| Momentum (1Y) | PEP | +22.8% vs FMX's +22.7% |
| Efficiency (ROA) | PEP | 7.7% ROA vs FMX's 2.4%, ROIC 14.9% vs 0.6% |
FMX vs PEP — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2025
Segment breakdown not available.
FMX vs PEP — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLFMXLAGGINGPEP
PEPPepsiCo, Inc.
2leads
FMXFomento Económico Mex…
2leads
6 Total Categories
CATEGORYLEADERvs PEPMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
PEP6/6
Valuation MetricsMultiples, price ratios, and targets
FMX5/6
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
PEP8/9
Total Returns1Y, 3Y, 5Y total returns with dividends
FMX4/6
Risk & VolatilityBeta, volatility, and downside exposure
Tied
—
Analyst OutlookRatings, price targets, and dividends
Tied
—
Income & Cash Flow (Last 12 Months)
PEP leads this category, winning 6 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
FMX is the larger business by revenue, generating $841.9B annually — 9.0x PEP's $93.9B. PEP is the more profitable business, keeping 8.8% of every revenue dollar as net income compared to FMX's 2.4%. On growth, PEP holds the edge at +5.6% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | FMXFomento Económico… | PEPPepsiCo, Inc. |
|---|---|---|
| RevenueTrailing 12 months | $841.9B | $93.9B |
| EBITDAEarnings before interest/tax | $71.8B | $14.3B |
| Net IncomeAfter-tax profit | $20.1B | $8.2B |
| Free Cash FlowCash after capex | $21.3B | $7.7B |
| Gross MarginGross profit ÷ Revenue | +40.6% | +54.1% |
| Operating MarginEBIT ÷ Revenue | +8.6% | +12.2% |
| Net MarginNet income ÷ Revenue | +2.4% | +8.8% |
| FCF MarginFCF ÷ Revenue | +2.5% | +8.2% |
| Rev. Growth (YoY)Latest quarter vs prior year | +1.7% | +5.6% |
| EPS Growth (YoY)Latest quarter vs prior year | +21.6% | +66.7% |
PEP leads this category, winning 6 of 6 comparable metrics.
Valuation Metrics
FMX leads this category, winning 5 of 6 comparable metrics.
Valuation Metrics
At 4.4x trailing earnings, FMX trades at a 83% valuation discount to PEP's 26.0x P/E. On an enterprise value basis, PEP's 17.8x EV/EBITDA is more attractive than FMX's 23.8x.
| Metric | FMXFomento Económico… | PEPPepsiCo, Inc. |
|---|---|---|
| Market CapShares × price | $4.1B | $213.6B |
| Enterprise ValueMkt cap + debt − cash | $153.6B | $254.3B |
| Trailing P/EPrice ÷ TTM EPS | 4.36x | 26.05x |
| Forward P/EPrice ÷ next-FY EPS est. | 1.36x | 18.05x |
| PEG RatioP/E ÷ EPS growth rate | — | 7.98x |
| EV / EBITDAEnterprise value multiple | 23.81x | 17.78x |
| Price / SalesMarket cap ÷ Revenue | 0.09x | 2.27x |
| Price / BookPrice ÷ Book value/share | 0.01x | 10.43x |
| Price / FCFMarket cap ÷ FCF | 2.55x | 27.84x |
FMX leads this category, winning 5 of 6 comparable metrics.
Profitability & Efficiency
PEP leads this category, winning 8 of 9 comparable metrics.
Profitability & Efficiency
PEP delivers a 40.1% return on equity — every $100 of shareholder capital generates $40 in annual profit, vs $6 for FMX. FMX carries lower financial leverage with a 0.78x debt-to-equity ratio, signaling a more conservative balance sheet compared to PEP's 2.43x. On the Piotroski fundamental quality scale (0–9), PEP scores 5/9 vs FMX's 4/9, reflecting solid financial health.
| Metric | FMXFomento Económico… | PEPPepsiCo, Inc. |
|---|---|---|
| ROE (TTM)Return on equity | +5.8% | +40.1% |
| ROA (TTM)Return on assets | +2.4% | +7.7% |
| ROICReturn on invested capital | +0.6% | +14.9% |
| ROCEReturn on capital employed | +0.6% | +16.1% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 5 |
| Debt / EquityFinancial leverage | 0.78x | 2.43x |
| Net DebtTotal debt minus cash | $149.5B | $40.7B |
| Cash & Equiv.Liquid assets | $108.5B | $9.2B |
| Total DebtShort + long-term debt | $258.0B | $49.9B |
| Interest CoverageEBIT ÷ Interest expense | 3.89x | 10.34x |
PEP leads this category, winning 8 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
FMX leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in FMX five years ago would be worth $17,270 today (with dividends reinvested), compared to $12,459 for PEP. Over the past 12 months, PEP leads with a +22.8% total return vs FMX's +22.7%. The 3-year compound annual growth rate (CAGR) favors FMX at 10.7% vs PEP's -3.7% — a key indicator of consistent wealth creation.
| Metric | FMXFomento Económico… | PEPPepsiCo, Inc. |
|---|---|---|
| YTD ReturnYear-to-date | +22.5% | +10.9% |
| 1-Year ReturnPast 12 months | +22.7% | +22.8% |
| 3-Year ReturnCumulative with dividends | +35.8% | -10.8% |
| 5-Year ReturnCumulative with dividends | +72.7% | +24.6% |
| 10-Year ReturnCumulative with dividends | +63.3% | +89.2% |
| CAGR (3Y)Annualised 3-year return | +10.7% | -3.7% |
FMX leads this category, winning 4 of 6 comparable metrics.
Risk & Volatility
Evenly matched — FMX and PEP each lead in 1 of 2 comparable metrics.
Risk & Volatility
PEP is the less volatile stock with a 0.03 beta — it tends to amplify market swings less than FMX's 0.34 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. FMX currently trades 96.5% from its 52-week high vs PEP's 91.1% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | FMXFomento Económico… | PEPPepsiCo, Inc. |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.34x | 0.03x |
| 52-Week HighHighest price in past year | $124.24 | $171.48 |
| 52-Week LowLowest price in past year | $83.08 | $127.60 |
| % of 52W HighCurrent price vs 52-week peak | +96.5% | +91.1% |
| RSI (14)Momentum oscillator 0–100 | 67.7 | 49.9 |
| Avg Volume (50D)Average daily shares traded | 412K | 5.7M |
Evenly matched — FMX and PEP each lead in 1 of 2 comparable metrics.
Analyst Outlook
Evenly matched — FMX and PEP each lead in 1 of 2 comparable metrics.
Analyst Outlook
Wall Street rates FMX as "Buy" and PEP as "Hold". Consensus price targets imply 11.3% upside for PEP (target: $174) vs -3.3% for FMX (target: $116). For income investors, FMX offers the higher dividend yield at 64.75% vs PEP's 3.56%.
| Metric | FMXFomento Económico… | PEPPepsiCo, Inc. |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold |
| Price TargetConsensus 12-month target | $116.00 | $174.00 |
| # AnalystsCovering analysts | 11 | 45 |
| Dividend YieldAnnual dividend ÷ price | +64.8% | +3.6% |
| Dividend StreakConsecutive years of raises | 0 | 25 |
| Dividend / ShareAnnual DPS | $77.65 | $5.57 |
| Buyback YieldShare repurchases ÷ mkt cap | +15.5% | +0.5% |
Evenly matched — FMX and PEP each lead in 1 of 2 comparable metrics.
Key Takeaway
PEP leads in 2 of 6 categories (Income & Cash Flow, Profitability & Efficiency). FMX leads in 2 (Valuation Metrics, Total Returns). 2 tied.
Best OverallFomento Económico Mexicano,… (FMX)Leads 2 of 6 categories
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FMX vs PEP: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is FMX or PEP a better buy right now?
For growth investors, PepsiCo, Inc.
(PEP) is the stronger pick with 2. 3% revenue growth year-over-year, versus -94. 8% for Fomento Económico Mexicano, S. A. B. de C. V. (FMX). Fomento Económico Mexicano, S. A. B. de C. V. (FMX) offers the better valuation at 4. 4x trailing P/E (1. 4x forward), making it the more compelling value choice. Analysts rate Fomento Económico Mexicano, S. A. B. de C. V. (FMX) a "Buy" — based on 11 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — FMX or PEP?
On trailing P/E, Fomento Económico Mexicano, S.
A. B. de C. V. (FMX) is the cheapest at 4. 4x versus PepsiCo, Inc. at 26. 0x. On forward P/E, Fomento Económico Mexicano, S. A. B. de C. V. is actually cheaper at 1. 4x.
03Which is the better long-term investment — FMX or PEP?
Over the past 5 years, Fomento Económico Mexicano, S.
A. B. de C. V. (FMX) delivered a total return of +72. 7%, compared to +24. 6% for PepsiCo, Inc. (PEP). Over 10 years, the gap is even starker: PEP returned +89. 2% versus FMX's +63. 3%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — FMX or PEP?
By beta (market sensitivity over 5 years), PepsiCo, Inc.
(PEP) is the lower-risk stock at 0. 03β versus Fomento Económico Mexicano, S. A. B. de C. V. 's 0. 34β — meaning FMX is approximately 984% more volatile than PEP relative to the S&P 500. On balance sheet safety, Fomento Económico Mexicano, S. A. B. de C. V. (FMX) carries a lower debt/equity ratio of 78% versus 2% for PepsiCo, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — FMX or PEP?
By revenue growth (latest reported year), PepsiCo, Inc.
(PEP) is pulling ahead at 2. 3% versus -94. 8% for Fomento Económico Mexicano, S. A. B. de C. V. (FMX). On earnings-per-share growth, the picture is similar: PepsiCo, Inc. grew EPS -13. 7% year-over-year, compared to -96. 3% for Fomento Económico Mexicano, S. A. B. de C. V.. Over a 3-year CAGR, PEP leads at 2. 8% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — FMX or PEP?
PepsiCo, Inc.
(PEP) is the more profitable company, earning 8. 8% net margin versus 2. 3% for Fomento Económico Mexicano, S. A. B. de C. V. — meaning it keeps 8. 8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: PEP leads at 12. 2% versus 8. 6% for FMX. At the gross margin level — before operating expenses — PEP leads at 54. 1%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is FMX or PEP more undervalued right now?
On forward earnings alone, Fomento Económico Mexicano, S.
A. B. de C. V. (FMX) trades at 1. 4x forward P/E versus 18. 0x for PepsiCo, Inc. — 16. 7x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for PEP: 11. 3% to $174. 00.
08Which pays a better dividend — FMX or PEP?
All stocks in this comparison pay dividends.
Fomento Económico Mexicano, S. A. B. de C. V. (FMX) offers the highest yield at 64. 8%, versus 3. 6% for PepsiCo, Inc. (PEP).
09Is FMX or PEP better for a retirement portfolio?
For long-horizon retirement investors, PepsiCo, Inc.
(PEP) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 03), 3. 6% yield). Both have compounded well over 10 years (PEP: +89. 2%, FMX: +63. 3%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between FMX and PEP?
Both stocks operate in the Consumer Defensive sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: FMX is a small-cap deep-value stock; PEP is a large-cap income-oriented stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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Revenue Growth>
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(FMX: 1.7% · PEP: 5.6%)Net Margin>
%
(FMX: 2.4% · PEP: 8.8%)P/E Ratio<
x
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